Chinese wire rod export prices down due to low bids, outlook not so bad

SteelOrbis has been informed that Chinese mills’ export prices for wire rod have moved down by $17.5/mt on average over the past week.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 5.87
Scrap HMS I/II 80:20, CFR Turkey, $/mt 1.75
Billet FOB CIS, $/mt 2.41
Rebar FOB Turkey, $/mt 1.23
HRC FOB China, $/mt 4.6
Wire Rod FOB China, $/mt 1.1
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Product Weekly Change (%)
Billets CFR Turkey 1.78
Billets FOB Black Sea -2.08
Rebar FOB Turkey 1.23
Scrap HMS I/II 80:20 CFR Turkey 1.75
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  Weekly Change (%)
Turkish Rebar Index 1.76
Turkish Scrap Index 1.53
China rebar export index 0
China wire rod domestic market index 0.49
Click to see full list
USA Scrap Export January - December 2019 / mton
Turkey 3,915,625
Taiwan 1,881,751
Canada 1,725,713
Mexico 1,455,900
Vietnam 1,271,173
Click to see full list

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